Gold has been moving in an ascending channel for over 5 days.
Gold was able to break the lower line of ascending channel.
In the last 16 hours, gold started to complete a pullback to the ascending channel, the 💡sign💡 of the completion of the pullback is the formation of a Bearish Engulfing Candlestick Pattern.
I expect gold to fall to at least a 🟢heavy support zone($1904-$1886.40)🟢 after breaking the 🟢support zone($1922.6-$1919.60)🟢
I expect gold to continue its decline to the 🎯targets🎯 I specified in the chart.
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold was able to break the lower line of ascending channel.
In the last 16 hours, gold started to complete a pullback to the ascending channel, the 💡sign💡 of the completion of the pullback is the formation of a Bearish Engulfing Candlestick Pattern.
I expect gold to fall to at least a 🟢heavy support zone($1904-$1886.40)🟢 after breaking the 🟢support zone($1922.6-$1919.60)🟢
I expect gold to continue its decline to the 🎯targets🎯 I specified in the chart.
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
Gold is completing a pullback to the broken 🟢support zone($1922.6-$1919.60)🟢.Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.